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Bearish Moving Average Cross by CARBO Ceramics (CRR)

By Nick Russo

CARBO Ceramics (NYSE:CRR) shares have crossed bearishly below their 10-day moving average of $7.39 on a volume of 158K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, CARBO Ceramics share prices have been bracketed by a low of $5.66 and a high of $47.04 and are now at $7.25, 28% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.1% while the 200-day MA has slid 2.1%.

SmarTrend is monitoring the recent change of momentum in CARBO Ceramics. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of CARBO Ceramics in search of a potential trend change.

Keywords: moving crosses carbo ceramics

Ticker(s): CRR